Anobit Posts

Apple’s $500 million acquisition of Israeli flash storage company Anobit has been confirmed. The news was confirmed by Israeli newspaper company Calcalist. As of earlier this month, I wrote about how it was simply a rumor. Apple will be opening an R&D facility in Israel as a result of the acquisition. Anobit is known for developing a chip that enhances flash drive performance using signal processing. This chip is already used in the iPhone, iPad, and MacBook Air. [Ars Technica]

Apple Inc. (NASDAQ:AAPL) is rumored to be acquiring Anobit, an Israeli fabless semiconductor company that specializes in flash storage for between $400 and $500 million. This would be Tim Cook’s first big acquisition since taking over as CEO. Apple also rarely buys hardware companies as they tend to focus more on software acquisitions.Continue reading →